Tagged: Legal

Vision Technologies in Chapter 7

Vision Technologies in Chapter 7

Banking & FinanceLegalTechnology & Telecom

Vision Technologies Inc., the military-grade camera technology company in Rogers, filed for Chapter 7 liquidation last month, listing $2.6 million in debts and just $136,000 in assets. read more >

Advanced Tissue Closes, Files $25M Bankruptcy

Advanced Tissue Closes, Files $25M Bankruptcy

Banking & FinanceHealth CareLegal

A former CEO of Advanced Tissue LLC of Little Rock says he doesn’t know why the wound care supply company closed and filed for Chapter 11 bankruptcy reorganization in August, leaving hundreds out of work, but he wants to help find a solution to the ensuing legal fight. read more >

Walmart to Pay $300K of $125M Jury Award

Walmart to Pay $300K of $125M Jury Award

Legal

A recent Wisconsin jury award of $125 million against Walmart Inc. for failing to accommodate a longtime employee with Down syndrome will be lowered to $300,000, the maximum amount allowed under federal law. read more >

Medical Marijuana Licensing Tests Scales of Justice

Medical Marijuana Licensing Tests Scales of Justice

Health CareLegalCover Story

As Arkansas’ fledgling medical marijuana industry passed $300 million in cumulative sales, its licensing system for cannabis businesses was taking fire in court, not least for granting a cultivation license to a company that didn’t legally exist. read more >

Pig Farmer Accused of Hogging Loan Proceeds

Pig Farmer Accused of Hogging Loan Proceeds

Banking & FinanceLegalCover Story

Arvest Bank accuses a Fulton County pig farmer of submitting false financial statements to obtain millions of dollars in loans to raise pigs, instead using the money for other debts. read more >

Trustees Press Fraudulent Transfer Claim in Family Feud

Trustees Press Fraudulent Transfer Claim in Family Feud

Banking & FinanceLegal

Nearly six years ago, Sheila McCutcheon submitted paperwork for a loan reflecting a personal net worth of more than $1.4 million. Nineteen months later, she has filed a financial hardship statement asking to stop collection calls claiming, “My financial state is as low as it can get.” read more >